Just Throwing This Out There…

1 Nov

So for decades we’ve been hearing about how mid/late career employees with 10, 20+ years of experience are being replaced at much lower cost with far less-experienced ones.  I don’t have any statistics on-hand to support this trend – just much anecdotal evidence – but assuming it not only exists but is, in fact, an ongoing trend, perhaps an accompanying and unsurprising trend is that maybe these younger, cheaper, less-experienced employees don’t perform as well as those who they replaced.

If this is, in fact, the case, considering the massive pool of The Unemployed, could we also possibly make the case that perhaps NOW is the perfect time for firms to re-hire the experienced unemployed for less than their prior salaries to replace the unexperienced, lesser-performing less-experienced crowd?

Please share your thoughts in the comments.

 

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4 Responses to “Just Throwing This Out There…”

  1. capitalmark November 1, 2010 at 8:53 pm #

    3 credit hours: $3500. Textbooks: $240. Having 2000 twitter followers and a blog to post your homework questions: priceless. Seriously though I think salaries need to come back before we get the competent people back. Other words we need the next big thing

    • Anal_yst November 1, 2010 at 8:57 pm #

      It’s not a homework question, bud. This is a response to a comment on twitter that necessitated >140 characters. Thanks for playing though.

  2. perrymecium November 3, 2010 at 3:20 am #

    I’m pretty sure you’re describing a key aspect of deflation.

Trackbacks/Pingbacks

  1. Tweets that mention Just Throwing This Out There… « Stone Street Advisors -- Topsy.com - November 1, 2010

    […] This post was mentioned on Twitter by Eli Radke, Anal_yst. Anal_yst said: Just Throwing This Out There…: http://wp.me/pOYGU-9b […]

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